*45% ownership under Orbit Housing Shared Ownership Scheme*
A beautiful two bedroom purpose built penthouse apartment with stunning sea views, south westerly facing balcony with panoramic views, ensuite bathroom private off road underground parking, lift, double glazed windows and doors, open plan kitchen/ living, viewing highly recommended by RWW sole agents.
How does it work?
If outright purchase is not an option for you, this scheme offers an alternative to renting. You can buy an initial share in a new home that you can afford, helping you into home ownership in manageable stages.
This scheme has previously been known as “Part Buy, Part Rent”, and both new-build and re-sale (older) properties are available.
The Housing Association or Registered Provider will offer initial shares of between 25% - 75% of the full purchase price. You pay a subsidised rent on the remaining share that the Housing Association or Registered Provider still own. The combined monthly cost of mortgage and rent will normally be less than if you were purchasing the property outright.
In the future you can simply sell your share for its value at the time or alternatively you can purchase further shares in your home.
With most properties you are eventually able to own the property outright if you wish to, although there are some restrictions on rural schemes.
Am I eligible?
Your annual household income can be no more than £80,000.
You should be unable to purchase a home suitable for your needs without assistance.
You cannot be a current home owner (or be named on the deeds of another property).
You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
With a lift to top floor.
With entrance door, double radiator, entry phone system, built-in storage cupboards.
5.03m x 4.09m (16'6 x 13'5)
Two double radiators, window to side elevation, french doors lead out to the balcony with stunning views over Bexhill south westerly aspect.
2.74m x 2.24m (9 x 7'4)
Fitted kitchen comprising a range of base and wall level units with laminated roll edged work tops, one and a half bowl single drainer sink unit with mixer tap, built-in oven and grill, induction hob with brush stainless steel splash back, extractor canopy and light, built-in fridge and freezer.
5.31m x 2.92m (17'5 x 9'7)
Window to side elevation with stunning views, double radiator, built-in wardrobe cupboards, single radiator.
Suite comprising w.c. with low level flush, pedestal wash hand basin with tiled splash back, walk-in shower cubicle with chrome controls and chrome shower head, double radiator.
4.04m x 2.77m (13'3 x 9'1)
Window to side elevation, double radiator, built-in wardrobe cupboard.
Suite comprising panelled bath with hand shower attachment and hand shower fixing, w.c. with low level flush, pedestal wash hand basin with tiled splash backs, double radiator, electric shaver point.
Accessed via electric operated gates.
None of the services or appliances mentioned in these sale particulars have been tested. It should also be noted that measurements quoted are given for guidance only and are approximate and should not be relied upon for any other purpose.